Mastercard Incorporated (NYSE:MA) Position Boosted by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,419 shares of the credit services provider’s stock after purchasing an additional 808 shares during the period. Soltis Investment Advisors LLC’s holdings in Mastercard were worth $7,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the second quarter valued at about $34,000. First Personal Financial Services acquired a new stake in Mastercard during the third quarter worth about $39,000. Fairway Wealth LLC bought a new position in Mastercard during the second quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MA shares. TD Cowen raised their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie upped their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $559.28.

Mastercard Stock Up 1.2 %

Shares of MA opened at $529.16 on Wednesday. Mastercard Incorporated has a one year low of $411.60 and a one year high of $535.77. The firm has a 50 day simple moving average of $514.42 and a two-hundred day simple moving average of $479.31. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $485.68 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.35 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.